Equity benchmarks had a mixed session on Wednesday but ended the day on a positive note thanks to gains in the IT, automotive and pharmaceutical sectors.
The volatility was attributed to concerns about China's economic stability and rising domestic inflation, creating an atmosphere of risk aversion among investors.
The S&P BSE Sensex ended 137.50 points at 65,539.42, while the NSE Nifty50 gained 30.45 points at 19,465. The broader equity indexes also rallied, with some stocks recovering strongly. strong.
Nifty IT, Nifty Pharma, Nifty Realty, Nifty Auto, and Nifty Media were the biggest gainers among industry indexes, while Nifty Bank and Nifty Financial Services fell. The top five winners in the 50-stock index are Apollo Hospitals, Ultratech Cement, NTPC, Infosys, and Tata Motors. On the other hand, the main losers are Tata Steel, Adani Ports, Hindalco, HDFC Life, and Bharti Airtel.
Deven Mehata, Research Analyst at Choice Broking, said: “Nifty remained chaotic all day after the start of today's gap, but eventually settled down and ended the day in the green. Investors and traders can continue their long bets until Nifty closes below 19300 when the market follows the levels.
